2025 REVIEW OF WISE FOR TRADERS
Wise has transformed the way millions manage money internationally. Founded in 2011 and regulated by entities such as the FCA and FinCEN, this London-based fintech offers multi-currency accounts, an international debit card, and transfers with fees starting from 0.42%. Although it is not a bank and has some regional limitations, its transparency, security, and speed make it one of the favorite options for those who need to move money between countries.
Wise
wise.com
Year founded
2011
HQ
United Kingdom
Headquarters address
6th Floor, The Tea Building, 56 Shoreditch High Street, London, E1 6JJ, United Kingdom
Regulatory entities
APRA, ASIC, AUSTRAC, BCB, BIS, BSP, CCE, CNBV, EFSA, FCA, FinCEN, FINTRAC, ISA, JFSA, MAS, OCC, RBI
Public listing
LSE:WISE
How to open an account
1. Go to the official site → wise.com
Use the app’s official website (or download it from the App Store/Google Play) to start from a trusted source.
2. Create your account
Sign up, enter your basic details, and set up secure access. If available, enable two-factor authentication for extra protection.
3. Verify your identity
Complete verification with the documents requested, such as an HKID (or passport), plus proof of address (e.g., a CLP Power or HK Electric bill, or a bank statement).
4. Add funds or link a method
Choose how you’ll use the service: bank transfer, card, or a linked account (depending on the app). Check fees, limits, and processing times before confirming because they can vary.
5. Make your first transaction
Find the feature you came for in the app, set the amount or limit if needed, and confirm.
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